Current report no 73 / 2014

Current report no 73 / 2014 - 1 September 2014 / 00:00

Continuation of the construction of the A1 Motorway - information about the selection of the Budimex SA bid

The Management Board of Budimex SA announces that on 1 September 2014 it was informed by Strabag Sp. z o.o. with its registered office in Pruszków on the decision made by the General Directorate for National Roads and Motorways to select the bid submitted by the consortium composed of Budimex SA (partner, 50% share) and Strabag Sp. z o. o. (leader, 50% share) as the best bid in the open procedure for awarding a contract for the “Continuation of the construction of the A1 motorway on the section from Stryków to Tuszyn Junction, from km 295+850 to km 335+937.65 – Task I section from km 295+850 (from Stryków I Junction excluding the junction) to km 310+000″.

  • Contract value: 271 116 403.00 net.
  • Commencement date: date of the contract.
  • Finish date: 22 months from the commencement date. The term provided for the performance of the contract includes the winter periods (i.e. between 15 December and 15 March).
  • Guarantee periods: 10 years.
  • Financial terms and conditions:
    • Advance payment: 5% – 10% of the approved gross contractual amount.
    • Payment: 30 days after the Contracting Authority receives a VAT invoice.
    • Performance bond: 10% of the approved gross contractual amount.
  • Maximum penalty amount: 20% of the approved gross contractual amount.
  • The Contracting Authority reserves the right to claim supplementary compensation which adjusts the amount of contractual penalties to the amount of damage actually suffered and lost profits.

The contract value exceeds 10% of the equity of Budimex SA.